The foreign exchange (also known as forex or fx) markets are the most active in the world because trillions of dollars are traded there every day, five days a week. Since brokers frequently permit traders to borrow heavily to finance their speculations, fortunes can be quickly won and lost.
For millions of people worldwide, forex trading can be both exciting and difficult in the current economic climate. You could enter the world of trades with the help of this unique piece of the financial puzzle, learn about numerous business features and tools, and enjoy an amazing journey while reaping the greatest rewards.
Which online trading platform should you pick out of all the options? In this article, let’s examine the options for the top Forex trading platform in 2022. This article provides an overview of each five forex trading platforms, which includes a discussion about their features and customer service.
5 Best Forex Trading Platforms
1. AvaTrade
One of the most reputable trading platforms, Avatrade upholds honesty, integrity, and fair trading. It is also one of the most widely used trading platforms worldwide. AvaTrade has grown significantly on the market since 2006, with more than two million trades occurring each month.
The Central Bank oversees the trading firm broker, which has its main office in Dublin, Ireland. Despite having its headquarters in Ireland, AvaTrade is also well-known in countries like Australia, Chile, China, Poland, Japan, Italy, Mexico, and Mongolia.
With a large selection of assets, cutting-edge platforms, and generous trading terms and conditions, AvaTrade seems to be among the forex brokers with the highest level of security in the market. This trading firm is dedicated to giving people the tools they need to trade and invest with confidence in a safe, cutting-edge environment that is backed by the highest level of individualized service.
Features
AvaTrade, an Irish broker, ranks among the top forex interactive brokers in the market and is exceptional at copy trading using platforms like Zulu Trade, DupliTrade, and MQL5. For a small monthly fee, you can use this platform to select a seasoned forex trader and monitor their trading activities. On this trading platform, you can choose from a wide range of trading options, including cryptocurrencies, CFDs, forex, commodities trading, and many others.
AvaTrade has the benefit of allowing trading on secure platforms like Web Trading, AvaTradeGo, AvaOptions, Metatrader 4 and 5, AvaSocial, Automatic, Mobile, and Mac Trading.
The fact that this broker makes trading-related information on their official website available is something else to commend. The best way for you to begin a secure journey into the world of trades as a novice is with AvaTrade. All users of this trading platform have access to SSL encryption, which safeguards their data and reduces fraud. AvaTrade appears to be the most affordable forex trading platform because it charges no commission to any of its customers, has modest spreads, and only requires a $100 initial deposit for an account.
Customer Service
Customer support is an essential requirement for every business when it comes to forex trading. AvaTrade’s customer service representatives can be reached via live chat, email, and phone calls in more than 14 different languages.
The knowledgeable staff at AvaTrade is committed to listening carefully to all of your questions, providing you with the right answers, and addressing all of your concerns regarding forex trading.
2. FXTM
You’re on the right track if your goal is to become the best forex trader in the industry while maximizing your trading profits. FXTM, a 2011 startup that appears to be a market leader in online trading, will open up the opportunities of the financial markets to audiences around the world.
Global regulation and segregated funds protection are features of FXTM. They provide clients with total segregation across all of these services and are subject to multiple jurisdictional regulations.
The Cyprus Securities and Exchange Commission oversees the primary regulation of this trading platform, which has its headquarters there. It is an excellent trading alternative to boost your earnings while paying the least amount possible in fees or interest rates. You must be aware that almost all nations—with the exception of Korea, Puerto Rico, Brazil, and Hong Kong—are accepted by FXTM as forex trading partners.
Features
For a wide range of trading options, including commodities, spot metals, CFD stocks, FX indices, currency pairs, indices, and stock baskets, FXTM is a reputable platform. Although this trustworthy broker lacks an original trading platform, it still provides trading on the most advanced MetaTrader4 and MetaTrader5 platforms. These trading platforms offer a variety of features, such as clear fee reports, order confirmation, and price alerts, to their customers.
The fact that this trustworthy broker offers all clients the lowest fees for forex trading on the financial market is another key factor in choosing it. Four base currencies, including EUR, GBP, USD, and NGN, are available for trading. The fact that there are no deposit fees and a low monthly inactivity fee at this reputable trading firm must also be noted. Additionally, this trading platform offers quick and simple deposit and withdrawal options with the highest level of data and financial security.
The fact that this company has additional trading information available on its official website is another reason why traders like it. This feature is ideal for anyone just entering the world of trading as well as those looking to expand their trading knowledge.
Customer Service
The reason this article chose this trading platform for you is that it provides the biggest advantages in the financial sector. The ability to serve clients from all over the world is one of these advantages. Fantastic terms and conditions are offered by FXTM to customers who use its customer service.
Their team is entirely committed to addressing all of your inquiries and concerns regarding trading with various financial instruments. The fact that FXTM provides email-based multilingual customer support is a plus.
3. IG
The ideal American online trading platform, IG Group, has more than 239,000 customers worldwide. IG appears to be a highly regarded online forex broker that offers top-notch FX services to all clients worldwide.
Since its founding in 1974, the IG group has provided all of its clients with access to leveraged spot forex trading with minimal transaction costs. You have access to opportunities in rising and falling international markets through this reputable broker. As a top forex broker, IG provides a user-friendly trading platform and a useful mobile app that let you access a variety of currency pairs.
The IG group offers all traders a simple way to trade on a variety of financial instruments and services that has won numerous awards. You can open an account with this reputable broker easily and begin trading only after a short period of time. You can access the best forex spreads in all of America with this reputable forex brand.
Features
Whether you are a novice or experienced trader in the financial markets, this online trading platform is the ideal opportunity for you. This trading firm is appropriate for both novice and seasoned forex traders worldwide. Additionally, you will discover more advice and information for all traders and enjoy the safest and most profitable experience possible in the forex market.
IG is a trustworthy trading platform that allows for simple and open account access. After completing a brief form, you will receive quick verification, fund your account, and be able to begin trading. Before activating a live account, customers can even test out the free demo account version.
While all U.S. clients have access to the foreign exchange market, this platform’s global users can leverage their forex and CFD trades. You should be aware that IG offers its customers access to more than 80 different currencies for trading, making it one of the company’s many impressive financial offerings. On the IG forex platform, you can trade with major, minor, exotic, regional, and emerging-market forex currency pairs.
In addition, the IG account minimum spread for the major currency pairs starts at a tempting rate of over 0.8 pips, compared to the typical range of 0.9 to 5.4 pips. Other forex brokers are unable to compete with IG’s low account minimum, competitive fees, and open access to all American forex traders.
Customer Service
The IG Forex Group team is extremely polite and committed to all of its clients in the trading industry. If you join this forex trading group, you can call or email their customer service to get prompt accurate responses. Every working day from 8 am to 10 pm, their team is accessible for any inquiries.
4. Vantage FX
The fourth is the Vantage FX forex trading platform, a well-known and licensed broker. One of the most trustworthy forex brokers, this business gives active traders access to the world forex market.
You will have incredibly quick and significant trading experience with Vantage FX across a variety of instruments. You will be able to trade forex on this reputable platform using more than 300 instruments, including FX currency pairs, commodities, indicators, and trading CFDs. Vantage FX has made a commitment to providing its clients with an exceptional trading environment and upholding international financial regulations since 2009.
This platform complies in full with the stringent rules established by the authorities over which it is governed. Vantage FX is wholly dedicated to providing forex traders with an outstanding trading experience, fair trading, transparency, high profits, and low trading costs.
Features
Vantage FX offers quick withdrawal and deposit options in addition to simple account opening. Thus, you can quickly gain access to trading. You should first register and select the kind of account you want. After that, you can add money to your account and begin trading on a variety of CFD instruments.
All customers of Vantage FX have access to MetaTrader4, MetaTrader 5, several social trading platforms, and a mobile app. This reputable platform distinguishes itself from other forex online brokers by providing a vast array of complementary tools from outside vendors, like Trading Central. Vantage FX also has a Pro Trader library with more than 130 instructional videos for all newbies, in addition to these essential features.
One of the best companies for making the most of the initial deposit is this broker’s trading platform, which is based in Australia. A 50% deposit bonus is available when you open an account; to take advantage of it, you must deposit $200 to $500 within ten business days. And what’s this? With no deposit or trading fees, you can exchange your bonus for real money while trading.
Customer Service
Vantage FX is providing the best trading conditions for you as a trader overall, and customer support is yet another important benefit this broker provides. The Vantage FX team seems to provide the best support for all forex traders worldwide because everyone is engaged with honesty, dedication, availability, and transparency.
5. XTB Online Trading
In recent years, the top option for a forex broker has been XTB Online Trading. This trading platform will make every effort to satisfy all your trading requirements and protect your data.
The first foreign exchange brokerage platform in Poland that is governed by Polish authorities is called XTB. If you want to master forex trading, XTB Online Trading is a fantastic opportunity because it gives you access to trading with commodities, cryptocurrencies, shares, indices, and metals. Given that the broker is governed and registered by the Financial Conduct Authority in the United Kingdom, XTB appears to be an experienced forex trader.
A reputable and well-regarded trading platform with access to more than 1,500 markets worldwide is called XTB. This trading platform offers numerous opportunities for trading guides on its official website, making it a great choice for both seasoned traders and novices.
Features
You can use any browser, including Chrome, Firefox, Safari, or Internet Explorer, to access this trading platform. The standard MetaTrader4 platform is available to you through XTB, which has an easy-to-use user interface.
The proper xStation5 trading application from XTB Online Trading offers a free demo, including up to four weeks of risk-free trading on a fictitious fund. In addition to trading commodities, forex, and cryptocurrencies on this platform, you can also do so with ETF CFDs and stock CFDs.
One of the best forex brokers is known as XTB Online Trading Platform for its low trading costs, zero commissions, and wide range of trading options with the highest level of data security for its customers.
Customer Service
One of the most important features that this trading platform offers is customer support. They can be reached at any time by phone, live chat, or email. They are also multilingual and will provide you with the most pertinent answers to all of your queries and worries.
You can be sure that the committed staff at XTB Online Trading will be your best ally in achieving the greatest possible profits from your trading.